請用此 Handle URI 來引用此文件:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/71280
標題: | 租賃負債與避險 Hedging Lease Liability |
作者: | Yen-An Chen 陳彥安 |
指導教授: | 蔡彥卿 |
關鍵字: | 國際財務報導準則第16號,租賃負債,公允價值避險,現金流量避險, IFRS 16,lease liabilities,fair value hedge,cash flow hedge, |
出版年 : | 2018 |
學位: | 碩士 |
摘要: | 我國航運業長久以來對許多營業上使用之固定資產皆以營業租賃方式取得,透過營業租賃表外融資性質達成優化經營與財務績效的目的。然而,自民國108年起適用之財務報導準則16號(IFRS 16)要求承租人應將原先表外融資之租賃,除部分豁免事項外,皆應透過使用權資產及租賃負債反應自承租人之財務報表。對我國航運業來說,此變化不只財務績效受影響,更因租賃之出租人多為外國公司,租賃合約為外幣支付,造成承租人公司需承擔租賃負債因外幣匯率波動產生之公允價值風險,進而造成財務狀況表中資產負債無法配合及綜合損益表中匯兌損益波動之風險。故本文撰寫之目的為以此影響出發,依照國際財務報導準則9號(IFRS 9)避險相關規定,設計承租人以遠期外匯合約、貨幣交換及選擇權等衍生工具對於租賃負債做公允價值避險之方法及展示效果。並依國際財務報導準則9號(IFRS 9)避險之規定,設計以租賃負債作為避險工具,針對外幣預期收入如何進行現金流量避險進行探討。 The shipping business in Taiwan have used operating lease to acquire fixed asset for a long time. By the off-balance-sheet effects of operating lease, Leasee’s business could improve financial and operating performance. However, as the implementation of IFRS 16 in 2019, all leases should be recognized as right-of-use asset and lease liability except for short term lease and lower value asset. The elimination of the off-balance-sheet effects of operating lease not only influence the financial performance of leasee but causing the risk about fair value of lease liabilities paid by foreign currency, because most equipment for shipping business in Taiwan was rent from foreign corporations. The fair value risk of lease liabilities may also make leasee’s balance sheet unmatched, and unstable exchange gains and losses in income statement. Therefore, the purpose of the study was to address the risk about lease liabilities for lease according to IFRS 16. First, according to fair value hedge methods in IFRS 9, discuses the use of forward currency contract, currency swap and options to deal with the fair value risk of lease liabilities. Second, according to cash flow hedge methods in IFRS 9, discuses how to use lease liabilities as hedge instrument to deal with the cash flow risk about forecast foreign currency revenue. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/71280 |
DOI: | 10.6342/NTU201801797 |
全文授權: | 有償授權 |
顯示於系所單位: | 會計學系 |
文件中的檔案:
檔案 | 大小 | 格式 | |
---|---|---|---|
ntu-107-1.pdf 目前未授權公開取用 | 1.39 MB | Adobe PDF |
系統中的文件,除了特別指名其著作權條款之外,均受到著作權保護,並且保留所有的權利。